WASHINGTON (AP) — The Federal Reserve’s governing board unanimously approved the reappointment of nearly all of the Fed’s 12 regional bank presidents, a group that has come under scrutiny by the Trump administration. The regional bank presidents all serve five-year terms and are routinely approved by the Fed’s governing board. The approval has taken on…… MORE
JUNEAU, Alaska (AP) — A new lawsuit seeks to overturn the recent approval of an exploratory drilling program in the National Petroleum Reserve-Alaska. It alleges that the program was improperly analyzed by the federal government and could harm caribou and important habitat areas. The lawsuit was filed Thursday by two conservation groups and Sovereign Iñupiat…… MORE
MIAMI (AP) — The recent seizure of an oil tanker known as Skipper by the U.S. off the coast of Venezuela marks a dramatic escalation of President Donald Trump’s campaign to choke off Venezuelan leader NicolౠMaduro’s access to oil revenues. The tanker is part of the illicit “shadow fleet” that global energy powers, including Venezuela,…… MORE
WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent is proposing changes to the Financial Stability Oversight Council. It’s a body that was created after the 2008 global financial crisis to prevent future economic meltdowns. Bessent is advocating for looser regulations. In a letter released Thursday, Bessent says efforts to safeguard the financial system have often…… MORE
WASHINGTON (AP) — Sweeping taxes on imports have cost the average American household nearly $1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress’ Joint Economic Committee. Using Treasury Department numbers on revenue from tariffs and Goldman Sachs estimates of who ends up paying for them, the…… MORE